Consider the following information on Bank M's balance sheet

Equity [?]

Loan to Banco Santander at 3.25% --> 230 million

Loan to Japanese steel maker at 2.50% --> 685 million

Mortgage loans at 7.5% --> 1,300 million

Savings-accounts deposits, fixed rate at 2.50% --> 1,345 million

Cash 100 million Demand deposits (no interest) --> 990 million

Bonds issued by the bank, fixed rate at 5.50% --> 815 million

Personal loans at 7.00% --> 1,100 million

The value of equity is 265 Million. Is this statement true or False?